Jim Capretta: Obamacare Hurts Seniors

The Associated Press and others have reported on the latest “study” issued by Fidelity Investments on the supposed lifetime health-care costs for newly retired seniors.

According to the Fidelity analysis, a couple turning age 65 in 2012 will face lifetime health-care costs of $240,000. That’s $10,000 more than the estimate provided by the company last year for such a hypothetical couple, and $80,000 more than the estimate from 2002, when Fidelity initiated the series.